South African Reserve Bank · Repo rate
South Africa · ZAR · Policy rate
The South African Reserve Bank’s Repo rate is 7.00 %, last changed on 29 May 2026 when it was raised by 25 bp from 6.75 %. The next scheduled decision is on .
7.00 %
- Last change
- raised +25 bp·
- Previous rate
- 6.75 %
- Next decision
- Latest observation
- Source
- BIS
7.00 % ·
18 Sep 20210.00 – 8.25 %18 Sep 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 7.00 % | hold | |
| 7.00 % | +25 bp | |
| 6.75 % | hold | |
| 6.75 % | hold | |
| 6.75 % | −25 bp | |
| 7.00 % | hold | |
| 7.00 % | −25 bp | |
| 7.25 % | −25 bp | |
| 7.50 % | hold |
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- South Africa
- Currency
- ZAR
- Type
- Policy rate
- Set by
- South African Reserve Bank
- History since
- 1980
- Changes in the last 12 months
- 2
Questions and answers
- What is the current South African Reserve Bank interest rate?
- The South African Reserve Bank’s Repo rate is 7.00 %, last changed on 29 May 2026 when it was raised by 25 bp from 6.75 %.
- When did the South African Reserve Bank last change its rate?
- On 29 May 2026, when the Repo rate was raised by 25 bp to 7.00 % from 6.75 %.
- What did the South African Reserve Bank decide at its last meeting?
- On 23 Jul 2026 it held the Repo rate at 7.00 %.
- When is the next South African Reserve Bank rate decision?
- The next scheduled announcement is on 23 Sep 2026.
All changes since 2017
| Date | Rate | Change |
|---|---|---|
| 7.00 % | +25 bp | |
| 6.75 % | −25 bp | |
| 7.00 % | −25 bp | |
| 7.25 % | −25 bp | |
| 7.50 % | −25 bp | |
| 7.75 % | −25 bp | |
| 8.00 % | −25 bp | |
| 8.25 % | +50 bp | |
| 7.75 % | +50 bp | |
| 7.25 % | +25 bp | |
| 7.00 % | +75 bp | |
| 6.25 % | +75 bp | |
| 5.50 % | +75 bp | |
| 4.75 % | +50 bp | |
| 4.25 % | +25 bp | |
| 4.00 % | +25 bp | |
| 3.75 % | +25 bp | |
| 3.50 % | −25 bp | |
| 3.75 % | −50 bp | |
| 4.25 % | −100 bp | |
| 5.25 % | −100 bp | |
| 6.25 % | −25 bp | |
| 6.50 % | −25 bp | |
| 6.75 % | +25 bp | |
| 6.50 % | −25 bp | |
| 6.75 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Africa
Source: BIS central bank policy rates. Latest observation 14 Sep 2026. Refreshed every 30 minutes.